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Below the Quote on Market Morning Inputs 20th June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Benchmark indices witnessed sluggish activity. The Nifty closed 31 points down, while the Sensex was down 205 points. Among the sectors, the auto index gained 0.38 per cent, while the PSU bank index fell the most by 2 per cent. Technically, range-bound activity was witnessed throughout the day after a quiet start. A small candle on the daily chart and non-directional intraday activity indicates indecision between bulls and bears.  However, such patterns eventually explode.

We believe, as long as the market is trading between 24,700/81200 and 24,900/81600, range-bound activity is likely to continue. On the higher side, a successful breakout above 24,900/81600 could take the market to 25000-25050/82000-82200. On the other hand, breaking out of 24,700/81200 could increase the selling pressure. Below this level, the market could retest the levels of 24,500–24,475/80500-80300.

The strategy should be to take a long trade if Nifty crosses 25000. Keep a stop loss at 24800 for the same.  On the other side, expect further weakness below 24700, however, in that case we need to keep a stop loss at 24900 for the same. However, a close below 24700 would be negative in the short term.

For Bank Nifty, it may consolidate between 56100 and 55100 before heading towards 57000. Buying is advisable around 55000-55200 with a stop at 54800

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